Marketplace Morning Report Lisa Cook can stay on at the Fed — for now
Sep 10, 2025
A U.S. district court ruling allows Federal Reserve Board Governor Lisa Cook to retain her position amid presidential dismissal attempts, highlighting the Fed's insulation from politics. The podcast also tackles the steep rise in electric bills, driven by utility companies' demands for massive rate hikes while examining the monopolistic nature of electricity providers. Discussions reveal how regulatory frameworks struggle to balance consumer protection with profit recovery, all while aging infrastructure poses ongoing challenges. Plus, a whimsical nod to a new Girl Scout cookie flavor!
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Court Protects Fed Independence For Now
- A federal judge issued a preliminary injunction blocking President Trump from ousting Fed Governor Lisa Cook while she contests her removal.
- The judge emphasized the Federal Reserve Act limits removal to misconduct while in office, and Cook's alleged mortgage issues predate her Fed service.
Removal Limited To On-The-Job Conduct
- The Federal Reserve Act restricts removal of governors to misconduct occurring during their tenure.
- That legal interpretation formed the basis for the injunction keeping Cook in her role pending litigation.
Watch For Appeals And Official Statements
- Expect unresolved legal appeals after preliminary injunctions in high-profile removals.
- Monitor official statements and court filings to track whether the ruling is the final word.